Google trends shows an explosive growth in the Bitcoin meme. Like a tsunami, it started as a ripple and didn't look like much, traveling for miles on the digital sea, and then Cyprus hit and the ripple became a roar.
Nearly all financial news outlets and blogs has weighed in with their opinion on Bitcoin; the majority indicating they either like or love the idea with a few dissenters. The dissenters keep coming back to the argument that Bitcoin's success is capped by how far the government will allow it to succeed before stepping in and calling time.
Is government prohibition a concern for Bitcoin?
I don't think the timing of Bitcoin's appearance is a coincidence in that it appeared when many believe the government, and in particular the U.S. government, has been stepping in and calling time too often. The Patriot Act, NDAA, and DHS are clear examples of government overreach and many argue that the 'checks and balances' built into the Constitution are, over decades of specialist interest group lobbying erosion, failing to protect us from the interests of monopolists and warmongers.
Are pro-Bitcoin rights the new pro-gun rights?
The pro-gun advocates point to the 2nd amendment of America's Constitution citing Americans right to bear arms as a protection against tyrants. Pro-Bitcoin advocates want protection against tyrants too. The difference is how these two groups define tyranny.
Curiously, given all their bluster, the threshold needed to be crossed that supposedly triggers a response has been crossed many times since 9/11 without America's 2nd Amendment Minutemen rising to the occasion. Whereas, pro-Bitcoin rights advocates, seeing a similar chain of events, have rung the bell and are flooding the streets with a call to virtual currency arms.
Will Bitcoin, a stateless, decentralized, anonymous crypto-currency that has leaped in value from less than $1 million to over $1 billion in just a few dozen months, succeed where the pro-gun rights advocates have failed -- in protecting Americans, and people around the world -- from an encroaching class of warmongering kleptocrats?
Looking at the response to deposit confiscation in Cyprus (and MF Global for that matter) by klepto governments on behalf of corrupt TBTF bankers, the answer could be 'Yes.' If given the opportunity of preserving wealth and independence or complying with corrupt crony capitalists bent on occupation and subjugation, people tend to choose freedom over bondage. And Bitcoin has arrived in time for the fight.
Like the Minutemen, armed and ready to attack on a moment's notice against the growing intolerance of the occupying monarchy everyone needs to have their Bitcoin plan of action ready to go in the face of financial tyranny.